My partner works for my business on a basic salary of ?7,800 PA, this tax year she has so far received ?27,000 in dividends as a B shareholder in the company.
According to our accountant he states that because of the tax credit on dividends she ins't liable to pay an further tax on this dividend income. This I understand.
He also states that there is no need for her to file a tax return in January (she has no other income than stated above) because she is on PAYE with the company.
A close friend of mine who is also an accountant has told me that really, she SHOULD be filling a tax return.
Who is giving me the correct advice?
Source: http://www.ukbusinessforums.co.uk/forums/showthread.php?t=273484
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